Trusts & Executorships

Trusts

There are a whole host of reasons why families might use settlements and trusts, for example:

Asset protection

Passing assets through different generations of the family

Providing for vulnerable beneficiaries

Tax planning

Retention of control over gifted assets

Thomas Westcott can assist with:

Liaising with solicitors in respect of drafting the settlement deeds

Administration of trusts; dealing with income and expenditure for trustees; annual accounts and tax returns; forms R185

Tax planning through use of trusts

Protection of capital for settlor and beneficiaries

Executorships

Dealing with the financial affairs of their clients’ and completing their annual tax returns, who better to deal with the estate of deceased clients than their accountants? At Thomas Westcott, we pride ourselves on providing a swift, cost effective service for executors. We can assist with:

Collating estate assets and liabilities

Preparing IHT and probate forms and payment of IHT

Claiming of various reliefs including APR and BPR

Conversion of assets into cash and payment of liabilities

Preparation of estate accounts

Distribution of estate to beneficiaries

Get in touch with one of our specialist advisors to see how we can help you.

Registered to carry on audit work in the UK and Ireland and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales, details about our audit registration can be viewed at www.auditregister.org.uk, under reference number C001091748, and details of all audit regulations can be accessed at www.icaew.com/regulations. A list of members can be found under Legal Notices. Thomas Westcott has offices in Axminster, Barnstaple, Bideford, Bridgwater, Burnham on Sea, Crediton, Exeter, Holsworthy, Honiton, Ilfracombe, Okehampton, Plymouth, Seaton, Somerton, Tiverton, Torquay and Weston super Mare.

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